CORRECTING and REPLACING Cousins Properties Declares First Quarter Common and Preferred Stock Dividends

  CORRECTING and REPLACING Cousins Properties Declares First Quarter Common
  and Preferred Stock Dividends

CORRECTION...by Cousins Properties Incorporated

Business Wire

ATLANTA -- January 17, 2013

First graph, first sentence of release should read: ... payable February 22,
2013, to common stockholders of record on February 8, 2013 (sted ... February
23, 2013, to common stockholders of record on February 9, 2013).

The corrected release reads:

COUSINS PROPERTIES DECLARES FIRST QUARTER COMMON AND PREFERRED STOCK DIVIDENDS

Cousins Properties Incorporated (NYSE: CUZ) announced today that its Board of
Directors has declared a regular quarterly cash dividend of $0.045 per common
share, payable February 22, 2013, to common stockholders of record on February
8, 2013. The $0.045 per share quarterly dividend equates to $0.18 on an
annualized basis.

The Board of Directors also declared a regular quarterly cash dividend on its
SeriesA Cumulative Redeemable Preferred Stock. The dividend of $0.484375 per
share, or $1.9375 on an annualized basis, is payable February 15, 2013, to
SeriesA preferred stockholders of record on February 1, 2013.

The Board of Directors has also declared a regular quarterly cash dividend on
its Series B Cumulative Redeemable Preferred Stock. The dividend of $0.46875
per share, or $1.875 on an annualized basis, is payable February 15, 2013, to
SeriesB preferred stockholders of record on February 1, 2013.

Cousins Properties Incorporated is a leading diversified real estate company
with extensive experience in development, acquisition, financing, management
and leasing. Based in Atlanta, the Company actively invests in office and
retail projects. Since its founding in 1958, Cousins has developed 20 million
square feet of office space and 20 million square feet of retail space.
Cousins has built and maintained an industry-wide reputation for innovative
and sustainable developments, premium management services and top quality
leadership. Cousins Properties is a fully integrated equity real estate
investment trust (REIT) and trades on the New York Stock Exchange under the
symbol CUZ.

This press release does not constitute an offer of any securities for sale.
Certain matters discussed in this press release are forward-looking statements
within the meaning of the federal securities laws and are subject to
uncertainties and risk and actual results may differ materially from
projections. Readers should carefully review Cousins’ financial statements and
notes thereto, as well as the risk factors described in PartI, Item1A of the
Company’s Annual Report on Form 10-K for the year ended December31, 2011 and
other documents Cousins files from time to time with the Securities and
Exchange Commission. Such forward-looking statements are based on current
expectations and speak as of the date of such statements. Cousins undertakes
no obligation to publicly update or revise any forward-looking statement,
whether as a result of future events, new information or otherwise.

Contact:

Cousins Properties Incorporated
Cameron Golden, 404-407-1984
Vice President of Investor Relations and Corporate Communications
camerongolden@cousinsproperties.com
www.cousinsproperties.com
 
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